Advent Technologies Sees Unusually High Options Volume (NASDAQ:ADN)

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Advent Technologies Holdings, Inc. (NASDAQ:ADNGet Rating) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 8,239 call options on the stock. This is an increase of 340% compared to the typical volume of 1,873 call options.

Advent Technologies Trading Up 4.5 %

Shares of ADN stock opened at $4.21 on Wednesday. Advent Technologies has a 12 month low of $1.13 and a 12 month high of $10.04. The stock has a market cap of $217.29 million, a P/E ratio of -5.93 and a beta of 0.02. The company has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $2.48.

Advent Technologies (NASDAQ:ADNGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $2.23 million during the quarter. Advent Technologies had a negative net margin of 440.98% and a negative return on equity of 38.74%. During the same quarter in the previous year, the company earned ($0.15) earnings per share. As a group, equities analysts forecast that Advent Technologies will post -0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their target price on shares of Advent Technologies from $11.20 to $4.00 in a report on Thursday, June 16th.

Hedge Funds Weigh In On Advent Technologies

Hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Advent Technologies in the fourth quarter worth approximately $55,000. XTX Topco Ltd bought a new position in shares of Advent Technologies during the first quarter worth $25,000. Skaana Management L.P. bought a new position in shares of Advent Technologies during the fourth quarter worth $77,000. Allspring Global Investments Holdings LLC bought a new position in shares of Advent Technologies during the first quarter worth $30,000. Finally, Hsbc Holdings PLC bought a new position in shares of Advent Technologies during the first quarter worth $36,000. 34.91% of the stock is currently owned by institutional investors.

Advent Technologies Company Profile

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Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.

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